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Jun 24, 2013
06/13
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we worry about our economy going down. this is a nation of deep anxiety end in that sense than nuclear terror almost becomes kind of a condenser for society's broader anxiety. and it enables -- it enables terrorists with communication skills to become a virtual nuclear powers. i mean, i was fascinated by the fact that in addition to your list of quotes at the beginning there about our predictions, we had in 2008, and a public speech by the director of the central intelligence agency say that the agency's number one nuclear concern in the world. north korea, nuclear weapons. a bunch of people have nuclear weapons. how did it they ascend to number one in this? and this is really a reflection, in many cases of our own. they became too skillful communication -- there were treated as if there were a virtual nuclear power. and in the analytical community, in the analytical community the burden of proof shifted from not looking for the evidence that they were or could be, but to try to come up with the evidence that they could no
we worry about our economy going down. this is a nation of deep anxiety end in that sense than nuclear terror almost becomes kind of a condenser for society's broader anxiety. and it enables -- it enables terrorists with communication skills to become a virtual nuclear powers. i mean, i was fascinated by the fact that in addition to your list of quotes at the beginning there about our predictions, we had in 2008, and a public speech by the director of the central intelligence agency say that...
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Jun 23, 2013
06/13
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spooked investors when he said the feds could wrap up their economic stimulus program by next year if the economy keeps improving. fox news senior business correspondent, anchor of bulls and bears, brenda buttner has more. >> the question this week, are the bulls taking a breather or skidding to a stop? wall street could further fret over the fed, it appears the central bank will ease up on easy money. many chances this week to get that word. fed members all over giving speeches, other market movers, important info on housing prices, pending home sales and consumer confidence. if you're licking your wounds after last week, keep this in mind. the s&p 500, likely a part of your retirement plan, has come very far, very fast. it is still up 12% so far this year, just short of its increase of 13% for all of last year. will the latest selloff be a buying opportunity or have nervous investors running for the exits? looking ahead, one thing is pretty certain, uncertainty. the gauge of volatility and anxiety for wall street has spiked since word of the potential end of easy money. harris, back to you. >>
spooked investors when he said the feds could wrap up their economic stimulus program by next year if the economy keeps improving. fox news senior business correspondent, anchor of bulls and bears, brenda buttner has more. >> the question this week, are the bulls taking a breather or skidding to a stop? wall street could further fret over the fed, it appears the central bank will ease up on easy money. many chances this week to get that word. fed members all over giving speeches, other...
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Jun 23, 2013
06/13
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how much volatility is ahead on the economy and what should washington do. >>> and the debate over spying. is the country still behind the nsa's programs? or does the president need to make a public case to keep it going? with us, 14 capitol hill voices. assistant democratic leader in the senate, dick durbin of illinois. top republican on the senate homeland security committee, key conservative voice on immigration, tom coburn of oklahoma. democratic congresswoman from california, loretta sanchez. the chairman of the house intelligence committee, republican congressman mike rogers of michigan. then our political roundtable on obama's rough patch. critical reviews of his trip to the g-8. and his efforts on syria. falling approval ratings. is his second term slipping away. >> announcer: from nbc news in washington, the world's longest-running television program, this is "meet the press." >>> good sunday morning. we've got breaking news we're following this morning. nsa leaker edward snowden is on the move. he has left hong kong, boarded a commercial flight to moscow a few hours ago. final d
how much volatility is ahead on the economy and what should washington do. >>> and the debate over spying. is the country still behind the nsa's programs? or does the president need to make a public case to keep it going? with us, 14 capitol hill voices. assistant democratic leader in the senate, dick durbin of illinois. top republican on the senate homeland security committee, key conservative voice on immigration, tom coburn of oklahoma. democratic congresswoman from california,...
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Jun 23, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> breaking news this hour. nsa leaker ed snowden is in russia. he got off a plane at the moscow airport a couple of hours ago, has not been seen since, could be headed to another country's embassy, could ultimately be headed to a third country to seem asylum from u.s. espionage charges. joining me now by phone is "guardian" columnist glenn greenwald who broke many of the exclusives that snowden was able to provide with the documents that he took from the nsa and has worked closely with him. glenn greenwald, good morning. >> good morning, howard. >> you've said to me and in other interviews this isn't ultimately about ed snow
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> breaking news this hour. nsa leaker ed snowden...
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Jun 23, 2013
06/13
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KICU
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we'll need workers to build the foundation for a clean-energy economy. >> mr. obama called for america to be a leader in combating the global crisis and he will make his speech tuesday at georgetown university in washington d.c.. >>> investigators are trying to figure out what caused a vintage plan to crash today apan air show? the stearman biplane crashed into a field in ohio and burst into flames. officials there on the scene of the 39th annual vectren air show that a pilot and veteran female wing walker were killed. duo appeared to be executing an stunt in which the plane flipped while the wing walker is out on one what's been markeds no one on the ground was hurt. >>> the auto racing community is mourning the death of a driver, allan simonsen was only 9 minutes into the 24 hours race when he skidded and crashed into a barrier. the 34-year-old drive was pronounced dead at a hospital. cars reached speeds of 105 miles per hour at that deadly turn where the crash happened. >>> for a second day, police is searched the massachusetts home of new england patriot aa
we'll need workers to build the foundation for a clean-energy economy. >> mr. obama called for america to be a leader in combating the global crisis and he will make his speech tuesday at georgetown university in washington d.c.. >>> investigators are trying to figure out what caused a vintage plan to crash today apan air show? the stearman biplane crashed into a field in ohio and burst into flames. officials there on the scene of the 39th annual vectren air show that a pilot and...
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Jun 23, 2013
06/13
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only ford gives you ecoboost fuel economy, and a whole lot more. go further. one way i can take care of my engine... is with one a day men's. a complete multivitamin with nutrients to help support heart health. compared to centrum men's, it has more vitamin d. to help support healthy blood pressure. [ engine revs ] [ male announcer ] one a day men's. blue shirt: we do. amy: at&t? blue shirt: yes. amy: t mobile? blue shirt: sure. amy: sprint? blue shirt: mhmm. amy: verizon? blue shirt: got it. amy: do you make commission on this? blue shirt: no. amy: do you have all the plans? blue shirt: we do. amy: does this make my head look big? blue shirt: no. amy: can you activate all of these? blue shirt: yes we can. amy: can you transfer my contacts? blue shirt: yes. amy: are you sure? blue shirt: yes. amy: i'm pretty popular. blue shirt: no problem. amy: you're good. what number am i thinking of? blue shirt: nine. amy: yes. vo: right now get a free droid dna by htc with a 2 year activation on verizon. only at best buy. >>> in the air to right center. this game is tied.
only ford gives you ecoboost fuel economy, and a whole lot more. go further. one way i can take care of my engine... is with one a day men's. a complete multivitamin with nutrients to help support heart health. compared to centrum men's, it has more vitamin d. to help support healthy blood pressure. [ engine revs ] [ male announcer ] one a day men's. blue shirt: we do. amy: at&t? blue shirt: yes. amy: t mobile? blue shirt: sure. amy: sprint? blue shirt: mhmm. amy: verizon? blue shirt: got...
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Jun 22, 2013
06/13
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KNTV
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it's everyday reinvesting for your personal economy. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors because you could be at increased risk for plaque buildup in your arteries over time. and that's why when diet and exercise alone aren't enough to lower cholesterol i prescribe crestor. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark u
it's everyday reinvesting for your personal economy. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is...
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Jun 22, 2013
06/13
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that helps the economy and creates jobs. it makes no sense. >> what was interesting you and your colleagues for the most part in terms of the democratic party said this went way too far. the republicans said it didn't go far enough. with that big of a divide did we expect dmanything to get throug? >> it's going to be tough. i know you talked about the immigration reform. i think there's an effort on the part of the republican leadership to try to pass an immigration reform bill. they are putting so many roadblocks in the way. in the house you may have read that they voted on an amendment. this was like a tea party right wing amendment that makes being in the united states a crime. another amendment that gets rid of the dreamers act that lets young people stay here and not be deported. then the speaker is saying he won't let the bill go to the floor unless it has a majority of the republicans which would include the tea party. we've got a long way to go. >> people arie looking to what happened to the farm bill. do you agree w
that helps the economy and creates jobs. it makes no sense. >> what was interesting you and your colleagues for the most part in terms of the democratic party said this went way too far. the republicans said it didn't go far enough. with that big of a divide did we expect dmanything to get throug? >> it's going to be tough. i know you talked about the immigration reform. i think there's an effort on the part of the republican leadership to try to pass an immigration reform bill....
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Jun 22, 2013
06/13
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that's the economy we live in. these people are forced out of being able to participate, because you'll pay this for your lifetime. when you think about the cost of the loan, what you lose in retirementings and savings and building up your equity, we're going to wipe out generations. we have to talk about social security too. >> we'll come back on this issue. and not only do you have the payday loan and the student loan, which apparently is going to go until you are 79 years old, but also, that mortgage crunch that you're in, wait until you hear these confessions from the bank employees, deliberately lying to you about that. ♪ i'm in my work van, having lunch, next minute i'm in the back of an ambulance having a heart attack. the emts gave me bayer aspirin. it helped save my life. i was in shape, fit. i did not see it coming. my doctor recommends i take bayer aspirin to help prevent another heart attack. [ male announcer ] aspirin is not appropriate for everyone so be sure to talk to your doctor before you begin
that's the economy we live in. these people are forced out of being able to participate, because you'll pay this for your lifetime. when you think about the cost of the loan, what you lose in retirementings and savings and building up your equity, we're going to wipe out generations. we have to talk about social security too. >> we'll come back on this issue. and not only do you have the payday loan and the student loan, which apparently is going to go until you are 79 years old, but...
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Jun 22, 2013
06/13
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until then i want to hear what grade you are giving to your personal economy. find me on facebook and twitter @christineromans. cnn "newsroom" starts right now. >>> good morning. i'm alison kosik. it's 10:00 on the east coast, 7:00 in the west. this is cnn "newsroom." >>> let's begin with some charges against edward snowden. he admitted that he leaked details of the nsa's surveillance program. he's in hiding in hong kong right now, but the extradition process, it may not be under way. cnn white house correspondent dan lothian joins me now. dan, what are the exact charges? >> reporter: well, he's being charged with espionage and the theft of government property. under espionage according to the complaint, edward snowden being charged for, quote, unauthorized communication of national defense information and willful communication of classified communications intelligence to an unauthorized person. now, this is all very serious. we knew that the justice department was investigating and that there could be these potential charges. this complaint, by the way, was fi
until then i want to hear what grade you are giving to your personal economy. find me on facebook and twitter @christineromans. cnn "newsroom" starts right now. >>> good morning. i'm alison kosik. it's 10:00 on the east coast, 7:00 in the west. this is cnn "newsroom." >>> let's begin with some charges against edward snowden. he admitted that he leaked details of the nsa's surveillance program. he's in hiding in hong kong right now, but the extradition...
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Jun 22, 2013
06/13
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a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market participants, in particular those institutions who have now become reliant on monetary policy to drive stocks they may force mr. bernanke to become more aggressive and take the pedal off and put pressure off the pedal and start to taper a little bit. faster. i think that's what most people are worried. we think it's nonsense. fundamentals drive stocks and we're in the mid of a grand transition from dependency on monetary policy to dependency onfuls and we think there's volatility along the way. >> you might be right. volatilit
a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market...
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Jun 22, 2013
06/13
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does the economy recover painfully slowly? yesterday john taylor at stanford has an interesting study. this is the worst recovery from a financially related recession in the history of the united states. generally, the markets are slow to recover. this is far worse. this involves the entire economy. it was not in the financial collapse. ,ost: in the financial times have a headline, fed signals sent investors running for cover. he delivered the clearest signal yet that the u.s. central bank was preparing to scale back or tapir its monthly asset purchases as long as u.s. economic conditions improve as expected. he commented at a news conference on thursday. was speedy and brutal. from georgeers mason university is here to talk to us about that. our next call is charles on our line for democrats. caller: it is nice to be able to speak this morning in reference to the economy. my issue is simply this. we have an economy with the laws are not enforced. the big bank ceo's have gotten away with murder and wrecked in this country. not
does the economy recover painfully slowly? yesterday john taylor at stanford has an interesting study. this is the worst recovery from a financially related recession in the history of the united states. generally, the markets are slow to recover. this is far worse. this involves the entire economy. it was not in the financial collapse. ,ost: in the financial times have a headline, fed signals sent investors running for cover. he delivered the clearest signal yet that the u.s. central bank was...
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Jun 22, 2013
06/13
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that i represent, i hope your attention will be paid to those communities because it is important for economy or my state, i am sure others are in similar situations. i wanted to ask you, you said there would be an impact, mr. leocha, on places like boston. would you explain that more? >> let me talk about the pilot issue. i get phone calls about every week from people from u.s. a p a, u.s. airways pilots association. everyone is not happy. there are still lot of questions and obviously there may be support for the merger because they are getting rid of someone they don't like or getting paid a lot more money but that doesn't mean necessarily we are not going to have labor unrest. back to the smaller airports what we did when we did our overlap study we found out airports like boston and bradley have some of the highest numbers of these overlapping connecting rooms so what happens is american airlines has we 3 or four routes back and forth between bradley and seattle or bradley, they might go bradley, chicago, seattle and someone might go bradley, philadelphia, chicago. as we right size it, i
that i represent, i hope your attention will be paid to those communities because it is important for economy or my state, i am sure others are in similar situations. i wanted to ask you, you said there would be an impact, mr. leocha, on places like boston. would you explain that more? >> let me talk about the pilot issue. i get phone calls about every week from people from u.s. a p a, u.s. airways pilots association. everyone is not happy. there are still lot of questions and obviously...
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Jun 22, 2013
06/13
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put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
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Jun 22, 2013
06/13
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is it the economy of scale? whereas most people please explain your views. >> you can reduce the total amount of expenditures of procurement by quantities but each one you buy will cost more. there is a difference looking at the unit cost and the overall total. >> on the f-22 program roughly estimated costing about $70 billion to develop and procurer 750 aircraft. they started to cut costs by reducing aircraft with a 180 aircraft so the cost of the program did not go up but the cost of each aircraft did. that is the one way to save on this program that will cost just looking at the acquisition cost over 12 billion over the next 25 years, you can try to get efficiencies that i am sure they will be but in the end this happens as those programs to reduce quantities. >> this is not new to do in a development. >> as part of this legendary cycle with the acquisition programs they cannot budget and they have trouble meeting the requirements and then they spend too much money and they cannot buy as much. >> do you belie
is it the economy of scale? whereas most people please explain your views. >> you can reduce the total amount of expenditures of procurement by quantities but each one you buy will cost more. there is a difference looking at the unit cost and the overall total. >> on the f-22 program roughly estimated costing about $70 billion to develop and procurer 750 aircraft. they started to cut costs by reducing aircraft with a 180 aircraft so the cost of the program did not go up but the cost...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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and while we are doing that, let's spread some money around and make sure that our economy is thriving in our districts. thank you. >> hi, good evening, mayor lee and cohen and supervisors and department heads and residents of bayview. i am janet, i have a couple of issues i would like to encourage you to consider. i recently met with steve kawa and mayor lee and john templeton about the development of african-american tourism. and mr. templeton submitted a proposal to provide a way to tap into those funds. and to also bring employment into this area. and to also give value to the lives and the residents of the people that are here. and also again provide a source of employment. the other thing that i would like to encourage you to do is as we have these huge development programs in the area. that are geared towards certain percentage of employment in hiring residents. that you also include professional services such as accounting and legal and real estate sales. and thank you for stretching the dollar as much as you have been able to. i know it's tough. we are counting on you to conti
and while we are doing that, let's spread some money around and make sure that our economy is thriving in our districts. thank you. >> hi, good evening, mayor lee and cohen and supervisors and department heads and residents of bayview. i am janet, i have a couple of issues i would like to encourage you to consider. i recently met with steve kawa and mayor lee and john templeton about the development of african-american tourism. and mr. templeton submitted a proposal to provide a way to...
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Jun 22, 2013
06/13
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the economy here is booming. it's the sixth largest in the world. but many have been left behind, millions still living in extreme poverty. >> even if brazil is one of the largest economies in the world, we have one of the biggest inequalities. >> reporter: the government has made concessions, rolling back a 20-cent fare hike in public transportation. but the demonstrations have only grown. >> we pay so much taxes and we don't have education, health, human rights. >> reporter: the protesters have surprised even themselves with their numbers, but there is no clear leader, no clear agenda, and so far tonight, no end in sight. miguel almaguer, nbc news, rio de janeiro. >>> and still ahead for us this evening, out of the classroom and in the field. real-life lessons part of an innovative new way of teaching and something remarkable happening for a lot of kids. >>> and later, high honors tonight for james gandolfini from the folks from back home. >>> we are back with our "education nation" report and what might be the definition of a teachable moment for
the economy here is booming. it's the sixth largest in the world. but many have been left behind, millions still living in extreme poverty. >> even if brazil is one of the largest economies in the world, we have one of the biggest inequalities. >> reporter: the government has made concessions, rolling back a 20-cent fare hike in public transportation. but the demonstrations have only grown. >> we pay so much taxes and we don't have education, health, human rights. >>...
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Jun 22, 2013
06/13
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KRON
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. >> pam: despite a generally improving economy, jobs remain scarce for young people looking for entry- level summer jobs. kron four's rob fladeboe has the proof now. with a look at the big turnout for a job fair in santa clara. >> reporter: the longest line at great america friday was not for the roller coaster but rather for a job, which any of these young people will tell you is a different kind of ride. one that often requires something most of them don't have. >> even the entry-level needs experience. they want to have the least six months retell experience. >> reporter: great america is looking to hire 300 people for mostly entry- level minimum wage jobs as food service workers and ride attendants. and a first job to put on that resume. >> i am always surprised that say i used to work at the park. that condition- that tradition continues year after year. >> reporter: summer jobs are hard to come by this year with returning college kids competing for jobs usually filled by younger workers. >> it is horrible. i put on the 20 online applications and none of them have called it back.
. >> pam: despite a generally improving economy, jobs remain scarce for young people looking for entry- level summer jobs. kron four's rob fladeboe has the proof now. with a look at the big turnout for a job fair in santa clara. >> reporter: the longest line at great america friday was not for the roller coaster but rather for a job, which any of these young people will tell you is a different kind of ride. one that often requires something most of them don't have. >> even the...
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and rising tides rising sea level and more severe storms it's also changes in political economies how do we reduce the dependency upon technologies and chemicals that put hydrocarbons into the atmosphere that create the problem to begin with we have the capacity to build communities entirely into. and of grids that would be using coal for example so if you can build communities that are producing their own food their own they're filtering their own waters their minute managing their sanitation systems and they're producing their own energy they're prepared for what's coming the communities that do not have the ability to produce locally if we had glitches in the critical infrastructure including the economic system then those populations especially in cities larger than thirty five thousand are going to be in real trouble so what are there any national i mean is anybody the national level talking about doing something about this that are absolutely i mean there are there are is a lot of discussion about how do you manage these global uncertainties so part of the discussions with the c
and rising tides rising sea level and more severe storms it's also changes in political economies how do we reduce the dependency upon technologies and chemicals that put hydrocarbons into the atmosphere that create the problem to begin with we have the capacity to build communities entirely into. and of grids that would be using coal for example so if you can build communities that are producing their own food their own they're filtering their own waters their minute managing their sanitation...
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Jun 21, 2013
06/13
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it's everyday reinvesting for your personal economy. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. >>> people voicing spors for marriage equalitity and other issues. we have seen hillary clinton put out a video declaring her support. >> they are full and equal citizens and deserve the rights of citizenship. that includes marriage. >> that's the way most of us think these days. jason collins made the cover of sports illustrated when he came out as the first openly gay athlete playing in a sport. alen chairmans is one of the proponents for gay repairtive therapy. the idea that therapy can help turn a person straight. he posted an apology. he said i'm sorry that jouchl spent years working through the shame and guilt you felt when your attractions didn't change. he addressed members of the group itself to tell them it wa
it's everyday reinvesting for your personal economy. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. >>> people voicing spors for marriage equalitity and other issues. we have seen hillary clinton put out a...
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Jun 21, 2013
06/13
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stocks on rocky ground after the dow plunged more than 550 points in two days because the fed said the economy was getting better. today, three major stock indices were calm. they ended the week down 2%. >>> and there are reports of a story, faultout from the george zimmerman -- fallout from the george zimmerman murder trial. the jury is six people, all women. it's in place. the case that's become a hot button for racial kenzie in this country is going to begin -- racial tension in this country is going to begin opening arguments monday morning. what will happen in sanford, florida? the town where 17-year-old trayvon martin was shot and killed last february. if george zimmerman is actually acquitted? david mattingly has more. >>> team three has 15th street -- >> reporter: the clock is ticking for the sanford p.d. and its new chief. >> let's mount up, folks. let's do it. >> reporter: the george zimmerman case exposed a deep bitter divide between the city's police and african-americans. on the job now only since april, chief cecil smith -- >> we're going to walk, knock on doors. >> reporter: hop
stocks on rocky ground after the dow plunged more than 550 points in two days because the fed said the economy was getting better. today, three major stock indices were calm. they ended the week down 2%. >>> and there are reports of a story, faultout from the george zimmerman -- fallout from the george zimmerman murder trial. the jury is six people, all women. it's in place. the case that's become a hot button for racial kenzie in this country is going to begin -- racial tension in...
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Jun 21, 2013
06/13
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 21, 2013
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it's everyday reinvesting for your personal economy. what makes a sleep number what makes a sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number summer closeout. where you'll find great savings on the extraordinary sleep number bed, as we make room for our latest sleep innovations. this is your body there. you can see a little more pressure in the hips. take it up one notch. you get that moment where you go, "oh yeah" ... oh, yeah! and it's perfect. they had no idea that when they came to a sleep number store, we were going to diagnose their problems and help them sleep better. at our summer closeout, save $500 to $800 on the closeout of our memory foam and iseries bed sets. once you experience it, there's no going back. don't invest in a mattress until you find your sleep number
it's everyday reinvesting for your personal economy. what makes a sleep number what makes a sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number summer closeout. where you'll find great savings on the extraordinary sleep number...
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Jun 21, 2013
06/13
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we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the fed. they wore if he takes his foot off the gas pedal. who knows what will happen to the stack mark. you have too -- the stock market. you have to be invest elfed. the only thing to give you enough oomph to get you through retirement, putting the kids in scamp it's essential. >> jimmy there are so
we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the...
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Jun 21, 2013
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. rescue workers have opened up a lot of dawn. ♪ they rely on it because it's tough on grease yet gentle. but even they'll tell you, dawn helps open... all: 3, 2, 1! [ male announcer ] ...something even bigger. this year, dawn is also donating $1 million to rescue efforts. go to facebook.com/dawnsaveswildlife. find out how the little things you do can make a big difference. >>> a half hour from now, president obama is going to be announcing the nomination of james comey to lead the fbi, best remembered in the debate over domestic surveillance, as acting attorney general under george w. bush. comey's reputation, though, is a fierce defender of the law, holds perhaps more relevance today as the nsa's once secret programs come under fire from republicans and democrats al
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. rescue workers have opened up a lot of dawn. ♪ they rely on it because it's tough on grease yet gentle. but even they'll tell you, dawn helps open... all: 3, 2, 1! [ male announcer ] ...something even...
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Jun 21, 2013
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that's only in the economy meets their expectations. i think -- adam: that's a big if. >> it is a big if, yes, exactly but i do think we're seeing the early signs that the economy will perform significantly better in the second half of the year than it has to date in the first half of the year but i think that, when you look at the fed, you know, in my scenario, they're really only halfway through this purchase program. by the end of jean they will have purchased 670 billion in securities. and they will have purchased about another 660 billion over the next year. so, i think the market reaction has been exacerbated by a couple of things. one of them being the proximity to quarter end which forces people to make position adjustments they may not want to otherwise and also just based on the ferocity of the price action in the bond market i think that a lot of leveraged positions had to be reversed as well. ashley: ward, what about deflation? no one is really talking about it. they were for a while but if you look at some of the, get into
that's only in the economy meets their expectations. i think -- adam: that's a big if. >> it is a big if, yes, exactly but i do think we're seeing the early signs that the economy will perform significantly better in the second half of the year than it has to date in the first half of the year but i think that, when you look at the fed, you know, in my scenario, they're really only halfway through this purchase program. by the end of jean they will have purchased 670 billion in...
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Jun 21, 2013
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this economy -- >> there are some points made, either the economy strengthens sufficiently that the fed and pull back asset purchases and paper as they're talking about going from $85 billion to $75 billion a month, who knows? there's a lot of money being or the economy doesn't strengthen enough and canned tapir and liquidity will drive asset prices. q e was designed for it deflation, and designed to raise home prices and in mortgages -- i am not saying the world is perfect. and we just disagree with what the ultimate outcome would be and we are more bullish than he is. >> equity markets trading at 15 times multiple but you really have a growth trajectory of 2%. normal trajectory for the equity market with 15 times multiple gdp growing. but you don't have that. you need to see a fill in with economic activity in the second half for start to see more -- i would like to point out of this market, as you see even taper you are seeing risk of trade kick in and yields go higher, and maturities to four year, 3.5 year maturity to waive this out and perhaps wetter the approach to their portfolio
this economy -- >> there are some points made, either the economy strengthens sufficiently that the fed and pull back asset purchases and paper as they're talking about going from $85 billion to $75 billion a month, who knows? there's a lot of money being or the economy doesn't strengthen enough and canned tapir and liquidity will drive asset prices. q e was designed for it deflation, and designed to raise home prices and in mortgages -- i am not saying the world is perfect. and we just...
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Jun 21, 2013
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i think that you'd have to see something happening much bigger in the overall economy, say inflation spikes higher or interest rates for other reasons climb higher. i don't think that's likely. >> reporter: interest rates aside, experts say the housing market is on track for recovery. during the recession new home construction dropped by about half. now thanks to supply and demand, the market is expected to improve if -- and this is the if -- the general economy doesn't suffer serious setbacks. jenna: we'll see. david lee, thank you. jon: well, president obama getting out of dodge, taking an extended trip overseas at a time when his administration is surrounded by scandals. but his hopes for a warm reception like he received in 2008 not exactly going the way he might have wished. our news watch panel weighs in on the media reaction at home and abroad. ♪ ♪ jon: it seems europe's enthusiasm for our president might not exactly be what it used to be. the crowds in berlin a lot smaller this time around now that he has a record as president compared with his visit as a candidate back i
i think that you'd have to see something happening much bigger in the overall economy, say inflation spikes higher or interest rates for other reasons climb higher. i don't think that's likely. >> reporter: interest rates aside, experts say the housing market is on track for recovery. during the recession new home construction dropped by about half. now thanks to supply and demand, the market is expected to improve if -- and this is the if -- the general economy doesn't suffer serious...
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Jun 21, 2013
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look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a temper tantrum because they were -- >> a taper tantrum. >> a taper tantrum. >> absolutely. >> ben bernanke, so interesting, ben bernanke basically said we'll go on a diet some time next year and that's what got everybody so worried about a diet that hasn't started yet. just the fact that he was so clear about going on a diet is why every aen with is concerned. >> taper means the economy is improving. wall street is just kind of jittery because they're not going to be propped up any more. it's not going to hurt them in the long run if the economy is improving. >> bu
look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a...
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and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence will be admissible during this trial. phil keating is live in miami. this hearing focuses on that 911 call we heard so much. in that call we hear the gunshot, right? >> right. this is potentially decisive expert testimony money that can persuade this jury to go guilty or not guilty. whether it's george zimmerman's voice or trayvon martin's voice screaming in the audio tape. even saying quote, i'm begging you. but the defense has its own experts saying it's zimmerman yelling. experts say it's impossible to tell given the quality of the tape. >> 911, do you need police or medi
and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence...
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Jun 21, 2013
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you know that. >> i was proud of you in that moment. i watched it live on television. anderson cooper here, ladies and gentlemen. here on "new week." great way to end. we have john berman here with what he learned on the internets. anderson cooper edition. >> you were tasked with just looking stuff up. >> this is like the easiest project ever. things have gone well for me here at cnn. >> this must be a career high point for you. >> indeed, it is. >> he is stalling. don't let him stall you. >> there were 1.2 million hits of that video of you giggling. that's huge on the internet. also big, you k
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you...
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where's the underlying growth in this economy? >> well, my question is where is the underlying growth in the world? is because one of the things that was moving the markets yesterday are these signs that the chinese economy is slowing. well, that's what we could always count on was that china was going to grow at 10% or 9% or 8% a year at minimum. and if there is underlying weakness in what is now the world's second largest economy and some day will be the largest, that ain't good for all the rest of us. europe is worse off than we are. so one understands why investors are nervous, and bernanke is saying, well, i think we're going to start siphoning off some of this froth. you know, kind of threw everybody off the cliff. >> some of the underlying growth over the last few years, you look at the enormous geographic pivot that's taken place in the united states that's allowed for greater energy exploration and production. whether you're a fan of fossil fuel or not, we can't deny this has created jobs. it's added to gdp, and frankly,
where's the underlying growth in this economy? >> well, my question is where is the underlying growth in the world? is because one of the things that was moving the markets yesterday are these signs that the chinese economy is slowing. well, that's what we could always count on was that china was going to grow at 10% or 9% or 8% a year at minimum. and if there is underlying weakness in what is now the world's second largest economy and some day will be the largest, that ain't good for all...
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Jun 21, 2013
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our economy is getting better. >> reporter: the best month for existing home sales in 3 1/2 years. improvements in jobs. all of this means there is less need for this man, fed chair ben bernanke to keep pumping billions into the system. >> easiest way to say it is we have had training wheels on our economy quite some time now. now we are getting word that the training wheels are going to have to come off. slowly come off. we're going to it see if we can ride this bike on our own. >> reporter: the uncertainty leading to higher mortgage rates above 4% first time in a year. but still some of the cheapest borrowing in history. >> let's look at it. >> reporter: for example in california, the turnbull family can buy their dream home for about $2,000 a month at today's rates. but three decades ago the same house, at the same price, would have cost $5,000 a month. because mortgage rates back then were above 12%. >> don't panic. you enjoyed the ride. look at your portfolio performance so far this year you are very happy with returns you have seen. >> what does all of this mean for the avera
our economy is getting better. >> reporter: the best month for existing home sales in 3 1/2 years. improvements in jobs. all of this means there is less need for this man, fed chair ben bernanke to keep pumping billions into the system. >> easiest way to say it is we have had training wheels on our economy quite some time now. now we are getting word that the training wheels are going to have to come off. slowly come off. we're going to it see if we can ride this bike on our own....
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well, guess what, because of technology, efficiency, and a bad economy, we're there. we're at below 1992 levels. so i don't really know what they want. >> not only that, robert -- >> i want to bring ang in here. he called it not a global threat, he called it the global threat of our time. >> but we're not at war with radical islam. this is the most important issue. if you look at any poll, left, right, the most important issues are not climate change. they do not top the list. >> ever. >> and in all these polls, if you ask them specifically about climate change, i will acknowledge, people do think that something is happening because of the propaganda campaign, but nobody believes, overwhelmingly in polls, that, one, it's a crisis, and that, two, that federal money should be spent on it. when you talk about european leaders, that's just not true. ange angela merkel has spent millions of dollars. germany was on the forefront of green energy and climate change legislation. eric, they spent millions and millions of dollars in europe, in germany, in denmark, in spain, in i
well, guess what, because of technology, efficiency, and a bad economy, we're there. we're at below 1992 levels. so i don't really know what they want. >> not only that, robert -- >> i want to bring ang in here. he called it not a global threat, he called it the global threat of our time. >> but we're not at war with radical islam. this is the most important issue. if you look at any poll, left, right, the most important issues are not climate change. they do not top the list....
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economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big run, 25%, 30% run. often in big bull markets you have very violent but short-term sort of pull-backs and i think this was a catalyst that allowed traders to sell, the excuse to sell. i do think that people calm down a little bit, we adjust to little higher bond yields we're seeing in the last few days as the fed stops buying many as many bonds. i think we'll calm down and realize that the fed's real message is that the economy to them is looking a little better, and they think for the first time the economy is get along with a little less support from them all on its own as an equity investor that's probably a
economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big...
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it is the world's second largest economy. it is a fact and this sounds familiar for all of us in the united states, they have a shadow banking system there. just thinks of trillions of dollars of loans, that are shams built on a foundation of lies. the central bank has essentially created a liquidity crunch. it is hard to borrow money in china and that has investors worried about keeping growth in china is difficult. that's the reason you saw the selloff here in the united states. >> we reported on the volatileitty. it was the 10th day in the past month in which the dow moved more than 200 points in one session. prior to that it happen four times in one year. >> the bank and lenders and uncle sam were not the only players in the stock market collapse. bombshell e-mails reportedly she how two credit rating agency exchanged cash in green lights for risky practices that got us in this mess. it is a report in rolling stone magazine. they rate the credit of the big cooper rayings of the country and united states and anything that
it is the world's second largest economy. it is a fact and this sounds familiar for all of us in the united states, they have a shadow banking system there. just thinks of trillions of dollars of loans, that are shams built on a foundation of lies. the central bank has essentially created a liquidity crunch. it is hard to borrow money in china and that has investors worried about keeping growth in china is difficult. that's the reason you saw the selloff here in the united states. >> we...
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economy overall could use the boost that will come if we could pass meaningful immigration reform. again, i support this amendment. i commend my colleagues from tennessee and north dakota and all those who were working in the gang of eight and elsewhere. there are some who say that many people are trying to kill this bill and bring poison pill amendments. for the most part, what i have seen are people who want to improve this legislation, to make it better, to deal with this problem in a way that will solve it for good so we don't have to return to this a couple of years from now. again, i appreciate my colleagues for offering the amendment. i look forward to discussing it either this weekend or next week. i yield the floor. mr. leahy: mr. president? mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. leahy: mr. president? the presiding officer: the senator from vermont. mr. leahy: i would ask consent the call of the quorum be dispensed with. the presiding officer: without objection. mr. leahy: mr. president, sever
economy overall could use the boost that will come if we could pass meaningful immigration reform. again, i support this amendment. i commend my colleagues from tennessee and north dakota and all those who were working in the gang of eight and elsewhere. there are some who say that many people are trying to kill this bill and bring poison pill amendments. for the most part, what i have seen are people who want to improve this legislation, to make it better, to deal with this problem in a way...
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market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying, okay, we acknowledge we're sort of printing money but we think weeing pull that money back when the time comes. and that's not the issue. the hirsh here, number one, this is a market overreaction to what bernanke, the chairman of the fed, actually said yesterday. he did not say we're going to stop this program. he didn't even -- the program didn't even change. these were in the nuances of the wording that suggested the program might begin to be curtailed sooner than expects and on the markets we're seeing some profit-taking, some selling. analysts have been predicting this would happen a while, 5 or 10 correction. and
market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying,...
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, and what he said yesterday, perhaps what he didn't say, is that when the economy improves they'll be stepping away from that program. what we're seeing today is when you go off drugs, withdrawal is hard and these are the first stages of withdrawal. but they're not off the drugs completely and they won't be for a while. the other fear, tamron, is where is ben bernanke going and who will be his successor? everyone is expecting he will be stepping down in january. there's been so much money involved. how will it look when the government starts to unwind from its position in the u.s. markets and who will be the person that will be doing that? there are a lot of questions right now. >> it looks like the dow is on its way to having its worst day since april 15th. thank you, kayla. >>> dramatic day in boston where helicopters have been following nfl star aaron hernandez' every move. he's been questioned in connection with a homicide. police have not made him a suspect, we want to stress that, and no arrests have been made right now. the new england patriots' tight end spent part of the day
, and what he said yesterday, perhaps what he didn't say, is that when the economy improves they'll be stepping away from that program. what we're seeing today is when you go off drugs, withdrawal is hard and these are the first stages of withdrawal. but they're not off the drugs completely and they won't be for a while. the other fear, tamron, is where is ben bernanke going and who will be his successor? everyone is expecting he will be stepping down in january. there's been so much money...
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this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for how it would be tamped down. that's exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china's factory output is the slowest in nine months. last year china's growth was the slowest in 13 years, and there's this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed's balance sheet that has exploded and you still only have 2% growth in the u.s. if you've got china slowing and the fed pulling back at the same time, what is that going to mean for markets, for investors, for intere
this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for...
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economy, and the markets are reacting. the dow down 187 points right now. fox business network's peter barnes is live in washington. we're back under 15,000, peter. >> reporter: yeah, jon. the markets are reeling after bernanke signaled the beginning of the end of the easy money policies the fed has been using since the financial crisis five years ago. for starters, bernanke said the fed could start to slow its bond-buying program known as quantitative easing later this year as long as the economy keeps growing and unemployment falls. so far the fed has bought $2.5 trillion in bonds to help push down interest rates. in a note to clients today, renaissance macro research said, quote: we suspect markets are significantly overreacting to the prospect of backing away from these bond purchases, so-called tapering. they've been convinced they need the fed's training wheels, so they're nervous about losing them. rbc capital markets said today, quote: one of the big surprises in the bernanke press conference was that the chairman did not attempt to walk back the re
economy, and the markets are reacting. the dow down 187 points right now. fox business network's peter barnes is live in washington. we're back under 15,000, peter. >> reporter: yeah, jon. the markets are reeling after bernanke signaled the beginning of the end of the easy money policies the fed has been using since the financial crisis five years ago. for starters, bernanke said the fed could start to slow its bond-buying program known as quantitative easing later this year as long as...
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the economy is expected to grow by at least 3% next year. unemployment could drop as low as 6.5% by next year. it's all looking like better news. but on the flipside, interest rates are moving higher, which means that the cost of buying a home or buying even a car could go up. so, take a look at this. every time that mortgage rates go up just 1%, the cost of buying a home gets 10% more expensive. that could deter a lot of buyers. and of course, higher interest rates, they do benefit some people like savers and retirees living off bank accounts and cds. so, it's some good news for those living on a fixed income, josh. >> indeed it is. rebecca jarvis, thank you for that. >>> we're going to turn to the firefight in the west. at last check, that fast-moving wildfire north of phoenix is 0% contained. you see pictures of it there. nearly 500 homes are threatened. and another wildfire has erupted in colorado. this one southwest of denver. those hot and windy conditions are fueling the flames. sam's forecast coming up in a bit. >>> and finally, a wi
the economy is expected to grow by at least 3% next year. unemployment could drop as low as 6.5% by next year. it's all looking like better news. but on the flipside, interest rates are moving higher, which means that the cost of buying a home or buying even a car could go up. so, take a look at this. every time that mortgage rates go up just 1%, the cost of buying a home gets 10% more expensive. that could deter a lot of buyers. and of course, higher interest rates, they do benefit some people...
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Jun 20, 2013
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>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea party supporters hitting back at washington. >> anybody want to fire some irs agents? bill: that 15 minutes senator rand paul. he wants people fired. we'll ask him who's talking about when we talk to him live this hour. martha: is an nfl start focus of a murder investigation? he has been accused of another act of violence. bill: two men who investigated twa flight 800 ... >> i saw what appeared to be keep in fireworks. >> i noticed a streak of light go up in the sky. >> there was something going up in the sky. >> this rocket weren't up in the air. >> i saw this white light. >>
>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea...
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Jun 20, 2013
06/13
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the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling below $96 a barrel. the ten-year yield, interest rates are rising right now, and the overseas markets, down 1 to 3%. all but about 100 stocks are lower in the u.s. it has been a widespread reaction basically until the markets get used to the fact that the fed won't be in there forever. there are also jobless claims showing a little higher, showing not as much strength in the jobs market as you would like. that spooked people a little bit. nervous investors. also, this, carol, is the end of the quarter. it's coming up here on the end of the first half of the year, so you've got fund managers saying,
the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling...